Block Transfer Order

Notice is hereby given pursuant to an Order before Deputy Registrar Schoffer in the High Court of Justice, Companies Court, dated 20^th April 2017. (“the Order”):

1. The Stone Ark (Oxford) Limited (company Number 07451357; Court Reference 333 of 2012; County Court at Oxford) and Talvinder Singh Rayat (In Bankruptcy); Court Reference 35 of 2015; County Court at Kingston upon Thames (“the County Court cases”) be transferred to the High Court of Justice, Chancery Division, Companies Court for the purpose only of making this order. Immediately upon this order taking effect, the County Court cases be transferred back to the County Court.

2. Ashok Bhardwaj (“the Officeholder”) be removed from office in respect of each of the cases listed in Schedule 1 (“the Block Transfer cases”) from the date of this order.

3. Virgil Levy (“the Replacement Officeholder”) be appointed as replacement officeholder in respect of each of the block transfer cases listed in Schedule 1 from the date of this order.

4. The Creditors in each of the Block Transfer cases listed in Schedule 1 be notified of this order by advertisement published in the London Gazette within 10 working days from the date of this order.

5. Any creditor, or, in the case of any members’ voluntary liquidation, any member, in respect of any of the companies listed in Schedule 1 who has an objection to this order shall have 14 days from the date of the advertisement to apply to court to set aside or vary the terms of this order. Such application shall not affect the transfer of the Block Transfer cases listed in Schedule 1 until further or other order by the court.

6. Rules 4.49B(5), 4.49C(3), 2.47(3A) and 6.78(A) of the Insolvency Rules 1986 do not apply and the Officeholder is not required to produce any progress reports on ceasing to act as officeholder of the Block Transfer cases.

7. The reporting periods for cases listed in Schedule 1 shall remain in place and the Replacement Officeholder is not required to produce any progress reports on being appointed officeholder of the Block Transfer cases. The Replacement Officeholder will notify creditors or members, in respect of the appointments, of any matters which they believe the creditors or members should be aware of.

8. Rule 4(5)(b) of the Insolvent Companies (Report on Conduct of Directors) Rules 1996 (SI1996/1909) shall (if but for this order it would apply) not apply and the Officeholder is not required to submit any reports in respect of any of the voluntary liquidations listed in Schedule 1.

9. The Replacement Officeholder shall notify the Secretary of State, and the Registrar of Companies in respect of the liquidations listed in Schedule 1, of the terms of this order as soon as reasonably practicable.

10. The Replacement Officeholder shall file a copy of this order with each of the courts listed in Schedule 1.

11. The Officeholder is released from any obligation to give and file notices in respect of his removal under this order in respect of the Block Transfer cases listed in Schedule 1.

12. The costs of this application shall be borne by the company of the Applicant, LA Business Recovery Limited (Company No. 09334889), as per the agreement between the parties herein.

13. The Replacement Officeholder has the right to apply to the court to amend this order to include any appointments held by the Officeholder which have been inadvertently omitted from this application.

Schedule 1 – Insolvency Appointments